Malls are dying, I suspect mostly from Mis-management. In their heyday it was the place to be, the high lease rates were justified because they had the traffic. Some of it is the big chain retailers, when I was younger I went to the mall because it was one of the few places I could go and find clothes and shoes that fit and between all the stores I had some selection. Now the stores are all dialed in all have the same inventory and the same sizes because they all "know" what's going to sell, so that's all they stock. So many mall management companies have dealt with the changing retail market in a less than sustainable way. Occupancy rate is 50%? Double the rent so cash flow holds up. Other factors when the malls were set up of course they had depreciation, they depreciated the buildings and grounds, often rather than repairing or maintaining the mall they'd sell it and anything they got above book value was taxed as capital gains, not art a regular income rate so in effect our tax code has also helped kill malls and diminish quality in hotels and office buildings.
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Today's Featured Article - Tractor Hydraulics - The Basics - by Curtis Von Fange. Hydraulics was one of the greatest inventions for helping man compound the work he can do. It’s amazing how a little floor jack can lift tons and tons of weight with just the flick of a handle. What’s even more amazing is that all the principals of hydraulic theory can be wrapped up in such a small package. This same package applies to any hydraulic system from the largest bulldozer to the oldest and smallest tractor. This short series will take a look at the basic layout of a simple hydraul
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